Muscat: The Ministry of Commerce, Industry and Investment Promotion today signed a cooperation programme with Ubar Financial Investment Company to promote available investment opportunities in the Sultanate of Oman and to lure investors to the country.

The cooperation programme was inked by Aseela Salim Al Samsami, Investment Promotion Undersecretary, and Abdulaziz Khalifa Al Saadi, CEO of Ubar Financial Investment Company.

The programme showcases Oman’s economic value and targets local and international investors. It involves drafting initial feasibility studies on economic projects rated in terms of volume, type and speciality.

As part of the programme, an itinerary of visits will be organized for foreign investors, who will then be introduced to strategies commensurate for their projects. The investors will be advised about how the ventures can be financed in coordination with the departments concerned.

The programme includes conducting reports about the environment climate in Oman and the common challenges facing investors.